Sunday, November 17, 2013

Youth Driving ObamaCare to Destruction : The Young Not Fooled

One of the biggest failures, if not the biggest, of ObamaCare is it's design. Anyone with a shred of common sense can not come to any other conclusion given it's size and complexity that it had to be designed to fail. If those that worked on this monstrosity, which had to take more then a decade before it was passed, started when "Hillary Care" was introduced and failed on a bipartisan vote, and ended with it signing ceremony.

When Nancy Pelosi famously said "we have to pass this law to find out what's in it" told the nation those in power had intention of providing health insurance for the disadvantaged, this was about bringing about a law that will force everyone into giving up their personal freedom to choose and that of their family's ability for self determination.

The bright spot in all of this catastrophic destruction of their personal freedoms is that most people are now waking to the reality that they have been targeted as willingly ignorant and easily duped by people that believe they are far smarter and who know what's best for everyone, except these bright lights in Washington have a far different plan for themselves.

The Young Aren't Enrolling in ObamaCare
Source: Christopher Weaver and Timothy W. Martin, "Young Avoid New Health Plans," Wall Street Journal, November 4, 2013.
November 15, 2013

According to insurers, the early buyers of health coverage on the nation's troubled new websites are older than expected so far, raising early concerns about the economics of the insurance marketplaces, says the Wall Street Journal.

If the trend continues, an older, more expensive set of customers could drive up prices for everyone, the insurers say, by forcing them to spread their costs around. "We need a broad range of people to make this work, and we're not seeing that right now," says Heather Thiltgen of Medical Mutual of Ohio, the state's largest insurer by individual customers. "We're seeing the population skewing older."
  • The average enrollee age at Priority Health, a Michigan insurer, has ticked up to age 51 for newcomers, from about 41 years old for plans offered for the current year, says Joan Budden, chief marketing officer.
  • Arise Health Plan, Wisconsin's largest nonprofit insurer, says more than half its 150 signees are over age 50, a higher proportion than expected, while declining to be specific on its target age.
In states that are running their own marketplaces and have seen smoother rollouts, officials are now also reporting a similar phenomenon, suggesting the economics of the law play a role, too. In Connecticut and Kentucky, which have enrolled more than 4,000 people each in private health plans so far, the largest segments of enrollees in new commercial health law plans are over age 55, much older than industry actuaries say they had anticipated.

So far, the young have remained elusive. At a health law education event in North Carolina recently, more than 100 people, mostly in their 40s and 50s, came. "I actually didn't see a single young person," says Liz Gallops, an insurance agent from Raleigh, N.C., who attended.
 

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